Ellie George's Market Report

Medford, OR 97504

Single-Family Homes

Principal Broker/Owner #200502069 | Email: ellie@hqoregon.com | 541-601-9582



Medford, OR 97504

Fri Mar 29 2024
This week the median list price for Medford, OR 97504 is $543,495 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 132. Click here to stay informed with the Medford market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Medford, OR 97504

Fri Mar 29 2024
This week the median list price for Medford, OR 97504 is $543,495 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 132. Click here to stay informed with the Medford market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Medford market.
Median List Price $543,495
Median Price of New Listings $543,995
Per Square Foot $274
Average Days on Market 84
Median Days on Market 39
Price Decreased 49%
Price Increased 1%
Relisted 2%
Inventory 132
Median Rent
Market Action 37
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$965,000 3,335 0.25 - 0.5 acre 4 3 21 5 1 119
$599,000 2,058 8,000 - 10,000 sqft 3 2 15 8 3 42
$495,000 1,933 8,000 - 10,000 sqft 3 2 29 8 3 21
$415,000 1,519 8,000 - 10,000 sqft 3 2 43 5 4 42